Video: Computation of Tax and Credits Summary

In this lesson, Nick Palazzolo, CPA, wraps up the session with a strong reminder about the importance of committing tax credit amounts to memory. He emphasizes that, despite personal preferences for having them provided, such figures won't be available during the exam. With his typical candor, Nick encourages continued practice with multiple choice questions and Simulation (SIM) exercises, underscoring that over half the exam is made up of SIMs. He points out the high relevancy of this lesson's content to the SIMs part of the exam, especially when dealing with the 1040 form. Nick's confidence in the mastery of these concepts shines through as he signs off, instilling encouragement for the next learning step.